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20120901
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Search Results 0 to 12 of about 13 (some duplicates have been removed)
of the financial sector. there's other sobering data as well, showing a still sluggish recovery. the commerce department revised its estimate of second-quarter economic growth down yesterday from 1.7%. mitt romney seized on the change in springfield, virginia. >> we are at 1.3%. this is... this is unacceptable. >> woodruff: other economic indicators also paint a mixed picture. the stock market itself, while down today, has been climbing in recent weeks to its highest levels in nearly five years. today, the dow jones industrial average lost almost 49 points after a weak manufacturing report and worries over europe to close just over 13,437. and the housing market may be stabilizing. a key index showed home prices rose in july to the highest level in almost two years, pointing to a recovery there. consumer spending was also up last month, but it was largely to pay for higher gasoline prices. for a closer look at all this with two people who follow these matters closely, we turn to kenneth rogoff, a professor of economics and public policy at harvard university, and co- author of "this time, it'
filed last week hit the lowest level in two months. but the commerce department revised its estimate of second quarter economic growth from 1.7% down to 1.3%. the economic numbers were fodder for republican presidential nominee mitt romney. at a campaign stop in springfield, virginia he said the slow growth was proof that president obama's economic policies have not worked. >> if you don't believe me why look at the price of gas and the jobs in your community and the members of your family that are struggling for good work. if you don't believe me look at the numbers that just came out in the growth of our economy. 1.3% versus russia at 4%, china at 7-8%, we are at 1.3% this is unacceptable. it is not working. i know what it takes to get things working. >> sreenivasan: 200 miles away in virginia beach, president obama acknowledged the economy is still struggling. but he also promised the crowd he'll push for an era of what he called economic patriotism. >> during campaign season you always hear a lot about patriotism. well you know what? it's time for a new economic patriotism. an ec
Search Results 0 to 12 of about 13 (some duplicates have been removed)